According to official documents from U.S. prosecutors, Femi was part of a well-coordinated cyber fraud ring that specialized in romance scams,
Fresh details have emerged on how Abiola Femi, the owner of the popular Oyins International Hotel, was arrested and sentenced to prison in the United States over his involvement in a sophisticated online fraud and money laundering scheme.
According to official documents from U.S. prosecutors, Femi was part of a well-coordinated cyber fraud ring that specialized in romance scams, business email compromise (BEC), and identity theft, which defrauded individuals and businesses out of millions of dollars.
Investigations revealed that Femi played a key role in moving illicit funds, using a network of shell companies and fraudulent accounts to obscure the source of the money. He was tracked through a series of flagged transactions and surveillance by U.S. federal agents.
In court, he pleaded guilty to multiple counts of wire fraud, conspiracy to commit money laundering, and aggravated identity theft. He was sentenced to 8 years in federal prison, with an order to pay restitution to his victims.
News of his conviction has sent shockwaves across Nigeria, particularly in hospitality and social circles, where Oyins International Hotel was considered a luxury brand. Many have expressed shock over Femi’s double life—running a high-profile hotel by day, while masterminding financial crime across borders.
The U.S. Department of Justice has since listed Femi’s name among a growing list of Nigerian nationals convicted in cross-border cybercrime investigations, further intensifying scrutiny of international money movements involving Nigerian businesses.
This is a developing story, and we will provide more updates as new information becomes available.
